Crypto Prices Today: Market Rebounds As Bitcoin, Pepe Coin, BSV Rally

The crypto prices today have noted robust gains, with most of the major cryptos experiencing significant surges, suggesting growing investors' confidence. Meanwhile, several market watchers also see this positive momentum as a start of the Santa Claus rally.

Timeline of Bitcoin-sv, Bitcoin, Pepe

As we navigate through the crypto market full of ups and downs, it's crucial to look at how the number-one crypto holders behave to get to the bottom of Bitcoin's heartbeat at present and prepare for future market shifts.

Hong Kong's financial regulator has published rules for spot bitcoin exchange-traded fund (ETF) issuers, allowing the use of both cash and in-kind creation models. This approach contrasts with the U.S. Securities and Exchange Commission (SEC), which insists on the exclusive use of the cash creation model for spot bitcoin ETFs.

Numerous price predictions have emerged as the Bitcoin price continues to demonstrate significant growth throughout the year, fueled by factors such as the upcoming halving event and potential approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). Notably, the ETC Group has released a comprehensive report shedding light on the potential for new all-time highs in 2024 and an impressive milestone of $100,000 by year-end.

Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences.

Max Keiser, a Bitcoin maximalist, alleged to his 550,000 followers on X that he considered Ark Invest CEO Cathie Wood's recent statements about a Bitcoin exchange-traded fund (ETF) to be false.

On-chain data shows the Bitcoin Puell Multiple has recently touched levels that historically lead to local tops for the cryptocurrency's price. Bitcoin Puell Multiple Has Recently Made A Retest Of Historical Resistance As an analyst in a CryptoQuant Quicktake post explained, the Puell Multiple has held relevance for the asset's price throughout the past.

A pattern in the supply of the Bitcoin long-term holders could provide some hints about when the next bull run might begin in earnest. Bitcoin HODLer Balance Has Followed A Specific Pattern In Previous Cycles According to the market intelligence platform IntoTheBlock, the supply of the BTC HODLers is “an excellent indicator for measuring market cycles.

As industry watchers eye the potential approval of spot bitcoin ETFs, one analyst says specific application updates in the coming days could be the difference between firms being able to launch such products, and not.

In the last 20 days, Bitcoin (BTC) has lost four percentage points of its cryptocurrency market dominance, fueling an altseason. A dominance loss means key cryptocurrencies are outperforming the leader, absorbing capital.

Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $615.7 million. The latest purchase raised the company's cryptocurrency holdings to 189,150 bitcoin, acquired for about $5.9 billion at an average price of $31,168 per coin.